NonprofitsOwen Electric Cooperative Inc

Owen Electric Cooperative Inc

OWENTON, KY

Total revenue

$246.5M

Total expenses

$246.5M

Net assets

$176.1M

Grants received

EIN

610299615

Tax year

2024

Mission

Provide electric service to members on a patronage basis. Serve an average of 66,000 member accounts. Improve our members' lives by providing safe, reliable, affordable electric service.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$242.5M
Investment income$1.3M
Other revenue$2.7M
Total revenue$246.5M

Expenses

Grants paid
Salaries & benefits$11.2M
Fundraising
Other expenses$227.4M
Total expenses$246.5M
Total assets$319.2M
Net assets$176.1M

People

19 listed

NameRoleCompensation

Michael L Cobb

President and CEO

Board

$364K

60 hrs/wk

John Grant

Director

Board

$27K

7 hrs/wk

Charles Richarson

Secretary-Treasurer

Board

$27K

6 hrs/wk

Richard Messingschlager

Director

Board

$25K

7 hrs/wk

Robert True

Director

Board

$20K

3 hrs/wk

Hope Kinman

Director

Board

$20K

4 hrs/wk

Eddie McCord

Vice Chairman

Board

$20K

3 hrs/wk

Charles Alan Ahrman

Chairman

Board

$19K

6 hrs/wk

Brian Jones

VP of Operations

Staff

$167K

50 hrs/wk

Jim Petreshock

VP of Information Systems

Staff

$161K

50 hrs/wk

Michael Stafford

VP of Member Services

Staff

$161K

50 hrs/wk

Joseph Waichulis

Service Technician

Staff

$158K

60 hrs/wk

Jennifer Taylor

VP of Engineering

Staff

$155K

50 hrs/wk

Albert Pickett

Service Technician

Staff

$153K

58 hrs/wk

Steven Moore

Service Technician

Staff

$151K

57 hrs/wk

Joe Schmiade

Service Technician

Staff

$150K

57 hrs/wk

Jerod Mulberry

Service Technician

Staff

$145K

55 hrs/wk

Andrew Long

VP of Engineering

Staff

$139K

50 hrs/wk

Erin Rehkamp

VP of Corporate Services

Staff

$137K

50 hrs/wk

Independent contractors

Asplundh

Tree Trimming

$3.6M

Epp-Lectric

Lineman Crews

$1.5M

Mclean Engineering

Joint Use Inspections

$341K

Black and McDonald

Lineman Crews

$217K

USIC

Locating Service

$192K

Details

EIN610299615
Subsection12
Ruling date1943-03
Formed1937
Employees128
Volunteers0
OWEN ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo